Quona Capital Raises $141 Million for Financial Inclusion Fund
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Quona Capital Management Ltd. raised $141 million for the Accion Frontier Inclusion Fund, which will invest in companies that provide financial and other services to underserved customers in emerging markets.
JPMorgan Chase & Co., Mastercard Inc., AXA Impact Fund, Prudential Financial Inc. and MetLife Inc. are among investors in the fund, which will focus on Sub-Saharan Africa, Asia and Latin America, Washington-based Quona Capital said Sunday in a statement. The venture will invest in technology, distribution and financial-services businesses.